CFL cargo's stake in Swedish rail freight

CFL cargo SA and Svensk Tågkraft AB have joined forces to develop rail freight transport between Scandinavia and the rest of Europe.

CFL cargo has bought 51% of the shares of MidCargo AB, which is headquartered in Nässjö and will be renamed CFL cargo Sverige AB. The goal of the new joint venture is to integrate the local activities of CFL cargo Sverige AB into the international network of CFL cargo and to extend its geographic reach. CFL cargo is now able to offer cross-border freight traffic from Sweden to Denmark and beyond, using the Øresund link.

Fernand Rippinger, Chairman of the Board of Directors of CFL cargo Sverige and CEO of CFL cargo, said: “Thanks to our Swedish subsidiary, we can now extend our rail freight activities towards the north and add another Scandinavian country to our geographic range, which is an important factor when providing customised door-to-door services to our international customers”.

Since its creation in 2006, just before the liberalisation of rail freight in Europe, CFL cargo has been continuously developing its international activities across Europe. In the past CFL cargo launched international networks between Luxembourg, Germany, Denmark, Belgium, Holland, France, Switzerland, Italy, Poland, Czech Republic, Slovakia and Hungary in cooperation with its subsidiaries in Denmark, Germany and France.

MidCargo AB was created in 1990 as BK Tåg AB, in connection with the deregulation of the rail market in Sweden, and was the first private rail transport company that took over traffic from the national Swedish railways.

In 1998, MidCargo started shuttle traffic in cooperation with Vänerexpressen as well as the ports of Karlstad and Gothenburg, and all partners have

continuously developed MidCargo’s activities in the region.